National Bank analyst Shane Nagle raised the firm’s price target on Gold Royalty (GROY) to $5.50 from $4.75 and keeps an Outperform rating on the shares. The firm is updating its model after the company has agreed to acquire a 25% gold royalty and 2% royalty on other metals from the Pedra Branca mine in Brazil from BlackRock World Mining Trust for $70M, the analyst tells investors in a research note.
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Read More on GROY:
- Gold Royalty price target raised to $4.75 from $4.50 at BMO Capital
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